Dana Gas Names Financial Adviser for Sukuk

Dana Gas, the Middle East’s largest regional private sector natural gas company, announced today that it had appointed Houlihan Lokey as the company’s financial adviser in relation to its Nile Delta Sukuk.

The Nile Delta Sukuk currently has $379.6 million outstanding and matures on October 31, 2020, the company said.

Dana Gas has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 66,200 boepd in 2019.

With sizeable assets in Egypt, KRI and the UAE, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region, it said.